The Japan reflation story is just getting started and the best way to play it is through the WisdomTree Japan Hedged SmallCap Equity ETF, said Brian Walsh, CIO of Saguenay Strathmore Capital. Walsh added that he especially likes the hedged ETF to take away the currency risk. He said he is also bullish on the gold miners because he sees inflation risks rising here in the US and the miners have more momentum than the underlying metal. Inflation is apparent in industrial prices, in his view, even if it is not being reflected in the CPI. Finally, Walsh said he is positive on New Residential Investment Corp. saying the value of the REIT's assets will rise with interest rates.